Trump, TikTok and Xi Jinping
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Trump’s meeting with China’s Xi Jinping produced no details on the future of the popular app.
According to U.S. national security law, Beijing-based ByteDance must sell TikTok's U.S. operations or effectively be banned in the country. China has yet to approve terms of a deal that would allow a new joint-venture company to oversee TikTok in the U.S.
"In Kuala Lumpur, we finalized the TikTok agreement in terms of getting Chinese approval, and I would expect that would go forward in the coming weeks and months, and we'll finally see a resolution to that,
Por BARBARA ORTUTAYLa reunión del jueves entre el presidente Donald Trump y el líder chino Xi Jinping produjo una serie de decisiones para ayudar a reducir las tensiones comerciales,
A tariff hike could potentially damage the Chinese economy. The U.S. imported about $438 billion worth of goods and services from China last year, making it the largest destination for China’s exports. In all, that figure accounts for about 15% of China’s exports, according to the Office of the U.S. Trade Representative.
China pledges to collaborate with the U.S. to address TikTok issues, amid ongoing uncertainty over the platform's future.
The Trump administration has been signaling that it may have finally reached a deal with China to keep TikTok running in the U.S., with the two countries finalizing the details as soon as Thursday.
Treasury Secretary Scott Bessent said during a CBS interview that Presidents Donald Trump and Xi Jinping will likely approve a TikTok sale on Oct. 30.